The shares of G M Polyplast Ltd (BO:GMPO) were trading in green till the afternoon on Thursday at Rs 1,014 levels. In the past five days, the stock has zoomed by approximately 12 percent. In the span of a month, the stock has delivered a return of 92 percent.
GM Polyplast Limited is one of the leading manufacturers of HIPS, ABS, PET, PP, HDPE Sheets, and Premium quality Granules. The products of the company are used in numerous industries, including pharma, food packaging, bus body, farming industries, and now even interior design.
In January around the same time, the stock was trading at Rs 168 a piece on BSE. Since then the shares have rallied up to the current levels logging a multibagger return of 504 percent in the span of 5 months.
An investment of Rs 1 lakh in the shares of the company then would be worth approximately Rs 6.04 lakhs in just 11 months.
The stock was listed on BSE in October 2020 and started trading at Rs 178 a piece. In the span of two years, the stock has delivered a multibagger return of 468 percent.
On a standalone basis, the company reported a total revenue from operations of Rs 43.45 crore which was an increase of 45 percent from Rs 29.98 crore in the same period a year earlier. In the previous quarter, their revenue stood at Rs 43.88 crore.
In the quarter under review, their net profit stood at Rs 2.53 crore which was an increase from Rs 1.76 crore in the same quarter of the previous year. On a sequential basis, their net profit increased marginally from Rs 2.76 crore.
The company has a market capitalization of Rs 194 crore as on November 24th, 2022. The promoters of the company hold a 73.54 percent stake and have pledged zero shares.
Written by Anoushka Roy
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